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The Green Sheet

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Remote Deposit Capture Basic Requirements

In order for a bank or a corporate user to employ / deploy an RDC service, there are several basic requirements. The basic components of an RDC solution are:
 

Depository Bank.
As the industry evolves, we may see a shift from banks being the exclusive providers of the service to 3rd party intermediaries / outsourcing providers offering the service as well. Either way, at some point in the clearing process, a "deposit" will still need to be made at a bank.

A Remote Deposit Capture Service Provider.
As mentioned above, either a bank or a "vendor" may offer a Remote Deposit Capture service. For now, the above link will show the current banks providing the service, but we're researching the issue and will add a new section as more information becomes available.

Remote Deposit Capture Software.
Most RDC services are PC-based and powered by software. The above link will take you to the numerous software providers. Some service providers offer both the software and hardware necessary for RDC.

Remote Deposit Capture Hardware (Check Scanners).
All solutions will require some type of scanning device to capture images of checks. Costs range from $500 into the 10s of thousands, depending upon volumes, quality, automation and other considerations. The above link will take you to a listing of the numerous hardware providers. Some service providers offer both the software and hardware necessary for RDC.

Updated Legal Agreements.
New or updated legal agreements may be required in order to use or provide a Remote Deposit Capture service.


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